✅ STOCK REVIEW: $EME booked +17% profits EME serves as an instructive case for two main reasons. First, entering the position required multiple attempts, with initial purchases on November 27th proving premature, leading to exits on December 21st and January 2nd at minor losses. A successful re-entry was made on January 18th, marked by a orange bubble, with an additional purchase on January 29th. Given the intraday volatility, I was stopped on the add alone on the January 29th.
The second notable aspect of EME was its consistent performance. Instead of rapid spikes, it steadily climbed, yielding a 20% gain over 19 days with minimal retracement. This exemplifies the preferred behavior for our investments, favoring steady growth over volatile surges. A partial sale was executed on February 13th for a 7.90% profit, and the remaining shares were sold on February 23rd for a 17.39% gain, as the stock became overextended.
Post-second purchase, the technical action mostly showed confirmations over violations, highlighting the stock's steady ascent without significant pullbacks. This emphasizes the value of patience and adherence to a stock demonstrating consistent, positive movement, allowing for substantial gains with reduced volatility.
